13D Filing: Mudrick Capital Management, L.P. and Verso Corp (VRSZQ)

The following constitutes
the Schedule 13D filed by the undersigned (the “Schedule 13D”).

Item 1.

Security and Issuer.

This statement relates
to the Class A Common Stock, par value $0.01 (the “Shares”), of Verso Corporation, a Delaware corporation (the “Issuer”).
The address of the principal executive offices of the Issuer is 8450 Gander Creek Drive, Miamisburg, Ohio 45342.

Item 2.

Identity and Background.

(a)

This statement is filed by:

(i)

Mudrick Distressed Opportunity Specialty Fund, L.P., a Delaware limited partnership (“Specialty LP”), with respect to the Shares it beneficially owns directly;

(ii)

Mudrick Distressed Opportunity Drawdown Fund, L.P., a Delaware limited partnership (“Drawdown LP”), with respect to the Shares it beneficially owns directly;

(iii)

Mudrick Distressed Opportunity Fund Global, L.P., a Cayman Islands limited partnership (“Global LP”), with respect to the Shares it beneficially owns directly;

(iv)

Mudrick GP, LLC, a Delaware limited liability company (“Mudrick GP”), as the general partner of Specialty LP and Global LP;

(v)

Mudrick Distressed Opportunity Drawdown Fund GP, LLC, a Delaware limited liability company (“Drawdown GP”), as the general partner of Drawdown LP;

(vi)

Mudrick Capital Management, L.P., a Delaware limited partnership (“MCM”), as investment manager to Specialty LP, Drawdown LP, Global LP and certain managed accounts;

(vii)

Mudrick Capital Management, LLC, a Delaware limited liability company (the “MCM GP”), as the general partner of MCM; and

(viii)

Jason Mudrick, as the sole member of Mudrick GP, Drawdown GP and MCM GP.

                Each of the foregoing
is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Each of the Reporting
Persons is party to that certain Joint Filing Agreement as further described in Item 6. Accordingly, the Reporting Persons are
hereby filing a joint Schedule 13D.

(b)           The
address of the principal business office of each of the Reporting Persons is 527 Madison Avenue, 6^th Floor, New York,
NY 10022.